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Cotton markets witnessed fall in arrival due to festival mood for Makar Sankranti festival that is on January 14. Price remained steady on limited demand. Trader said that as against 40,000 bales, cotton arrival reported lower by 8,000 bales to 32,000 bales in Gujarat .
Mills demand was limited and exporters were not too active in the market. Gujarat Sankar-6 cotton traded at ₹42,000-42,300 per candy of 356 kg. About 32,000 bales arrived in Gujarat, 50,000 bales in Maharashtra and 1.44 lakh bales in India.
At this time in 2016, cotton arrival was about 2 lakh bales. Kapas or raw cotton decreased by ₹5 to ₹1,110-1,120 per 20 kg and gin delivery kapas was stood at ₹1,120-1,175 per 20 kg. Cotton seed remained flat at ₹525-555 per 20 kg.
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